2Surtax applies to the lesser of (1) undistributed net investment income or (2) the excess of adjusted gross income over $12,5003After 2025, reverts to $5,000,000 basic exclusion amount provided in section 2010(c)(3) of the Internal Revenue Code, indexed for inflation occurring after 2011

2017

Annual Gift Tax Exclusion

$14,000

Estate Tax/Lifetime Gift/GST Exemption

2017

$5,490,000 – 40% top tax rate

Taxable Estate

Tax Rate

$0 – $10,000

18%

$10,001 – $20,000

20%

$20,001 – $40,000

22%

$40,001 – $60,000

24%

$60,001 – $80,000

26%

$80,001 – $100,000

28%

$100,001 – $150,000

30%

$150,001 – $250,000

32%

$250,001 – $500,000

34%

$500,001 – $750,000

37%

$750,001 – $1,000,000

39%

$1,000,001 +

40%

The information presented here is not intended to be a comprehensive analysis. Cherry Bekaert Benefits Consulting is a benefits advisory firm and does not provide tax or legal advice. Individuals or Employers should consult with qualified legal and/or tax counsel for guidance in respect of matters of law, tax and related regulation.

If you have any questions, or would like more information about Cherry Bekaert Benefits Consulting, its divisions, or its services, please fill out and submit the following form, and a representative will get back to you shortly. Information submitted via the form below will not be shared outside Cherry Bekaert Benefits Consulting..

Chernoff Diamond and their registered representatives are currently licensed to sell variable life and annuity products, as well as other securities products, in the states of California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Missouri, New Jersey, New York, North Carolina, Pennsylvania, Virginia, Wyoming and Washington DC. Residents of other states should consult with a local registered representative for securities products.

Proper state registration is mandatory prior to conducting business in any state.